Mativ Holdings, Inc. (NYSE:MATV) Shares Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC boosted its holdings in Mativ Holdings, Inc. (NYSE:MATV - Free Report) by 331.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,586 shares of the company's stock after acquiring an additional 61,155 shares during the period. Wolverine Asset Management LLC owned about 0.15% of Mativ worth $867,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Point72 DIFC Ltd bought a new position in shares of Mativ during the third quarter worth about $35,000. KBC Group NV lifted its position in Mativ by 93.2% in the 4th quarter. KBC Group NV now owns 4,787 shares of the company's stock valued at $52,000 after purchasing an additional 2,309 shares during the last quarter. Truvestments Capital LLC acquired a new position in Mativ during the 3rd quarter valued at about $82,000. FMR LLC grew its position in Mativ by 113.3% in the 3rd quarter. FMR LLC now owns 7,716 shares of the company's stock worth $131,000 after purchasing an additional 4,098 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Mativ in the third quarter valued at approximately $146,000. Institutional investors own 94.95% of the company's stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus started coverage on Mativ in a research report on Thursday, November 21st. They set a "hold" rating and a $15.50 price objective for the company.

Mativ Stock Performance

Shares of NYSE:MATV traded up $0.13 on Monday, hitting $6.99. The company's stock had a trading volume of 382,070 shares, compared to its average volume of 491,092. The company has a market capitalization of $379.56 million, a price-to-earnings ratio of -7.76, a price-to-earnings-growth ratio of 1.08 and a beta of 0.66. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.29 and a current ratio of 2.40. Mativ Holdings, Inc. has a 12 month low of $6.25 and a 12 month high of $19.96. The stock's 50-day moving average is $9.93 and its two-hundred day moving average is $13.84.

Mativ (NYSE:MATV - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.17). The company had revenue of $458.60 million during the quarter, compared to the consensus estimate of $472.70 million. Mativ had a negative net margin of 2.46% and a positive return on equity of 3.86%. On average, equities research analysts forecast that Mativ Holdings, Inc. will post 1.15 EPS for the current year.

Mativ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.73%. Mativ's dividend payout ratio is presently -44.44%.

Mativ Company Profile

Mativ Holdings, Inc, together with its subsidiaries, manufactures and sells specialty materials in the United States, Europe, the Asia Pacific, the Americas, and internationally. The company operates through two segments, Advanced Technical Materials and Fiber-Based Solutions. The Advanced Technical Materials manufactures and sells various engineered polymer, resin and fiber-based substrates, nets, films, adhesive tapes, and other nonwovens for the filtration, protective solutions, release liners, and healthcare end-markets.